Fomo Worldwide Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2023 to a ratio of 5.24, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Fomo Worldwide Inc in Sep 30 2023 quarter, has decreased to 70 days, compared to 79 days, in the Jun 30 2023 quarter.

If we take a look into Financial sector 393 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2909, from overall ranking in the second quarter 2023 at 3199.

What is Receivable Turnover Ratio?
What is Fomo Worldwide Inc Selling?

What is Receivable Turnover Ratio?

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FOMC Receivables Turnover Ratio	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter
Y / Y Receivable Change	-56.78 %	-53.38 %	-4.56 %	1808.83 %	2057.22 %
Y / Y Revenue Change	-36.3 %	-68.87 %	-6.75 %	1092.47 %	786.3 %
Receivable Turnover Ratio (TTM)	5.24	4.61	5.52	5.5	4.9
FOMC's Total Ranking	# 2909	# 3199	# 2817	# 3223	# 3150
Accounts Receivable average collection period days	70	79	66	66	74
Seq. Receivable Change	11.04 %	-40.82 %	-43.59 %	16.59 %	19.78 %
Seq. Revenue Change	-32.32 %	62.82 %	-82.06 %	222.28 %	-66.92 %

Receivable Turnover Company Ranking
Within:	No.
Investment Services Industry	# 49
Financial Sector	# 394
Overall Market	# 2909

Receivable Turnover Ratio Statistics
High	Average	Low
8.88	5.9	3.46
(Dec 31 2021)		(Mar 31 2022)

FOMC Company Profile • Back to FOMC Efficiency Comparisons • Compare FOMC Receivables Turnover Ratio to its Competitors

Financial Statements
Fomo Worldwide Inc 's Accounts Receivable	$ 1 Millions	Visit FOMC's Balance sheet
Fomo Worldwide Inc 's Sales TTM	$ 5 Millions	Visit FOMC's Income Statement
Sources of FOMC's Revenues		Visit FOMC's Sales by Geography

Other Accounts Receivable Turnover Ratios
Investment Services Industry Accounts Receivable Turnover Trends and Statistics
Financial Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
FOMC's Receivable Turnover Ratio versus Investment Services Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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FOMC's Valuation Ratios	FOMC's Roe	FOMC's Financial Strength Ratios	FOMC's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Financial Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2023	Receivable at quarter ending Sep 30 2023
Highwoods Properties Inc	21.98	$ 838.851 Millions	$ 38.173 Millions
Pra Group Inc	21.70	$ 803.986 Millions	$ 37.049 Millions
American Healthcare Reit Inc	21.55	$ 3,213.652 Millions	$ 149.097 Millions
Franklin Street Properties Corp	21.55	$ 152.147 Millions	$ 7.059 Millions
Rithm Capital Corp	21.20	$ 3,673.436 Millions	$ 173.272 Millions
Federated Hermes Inc	20.66	$ 1,644.489 Millions	$ 79.597 Millions
Vornado Realty Trust	20.63	$ 1,816.217 Millions	$ 88.048 Millions
Paccar Inc	20.60	$ 34,180.300 Millions	$ 1,659.550 Millions
Kemper Corporation	20.59	$ 5,133.700 Millions	$ 249.350 Millions
Stewart Information Services Corp	20.22	$ 2,331.081 Millions	$ 115.285 Millions
Rayonier Inc	19.68	$ 834.924 Millions	$ 42.430 Millions
Coastal Financial Corporation	19.39	$ 260.995 Millions	$ 13.458 Millions
Robinhood Markets Inc	19.28	$ 1,774.000 Millions	$ 92.000 Millions
Chiron Real Estate Inc	18.31	$ 144.393 Millions	$ 7.888 Millions
Startengine Crowdfunding inc	18.17	$ 20.443 Millions	$ 1.125 Millions
Arvana Inc	18.10	$ 0.036 Millions	$ 0.002 Millions
Bxp Inc	18.05	$ 3,234.460 Millions	$ 179.215 Millions
Forge Global Holdings Inc	17.57	$ 67.583 Millions	$ 3.847 Millions
Braemar Hotels and Resorts Inc	17.43	$ 735.068 Millions	$ 42.161 Millions
Weyerhaeuser Company	17.09	$ 7,723.000 Millions	$ 452.000 Millions
Pennymac Financial Services inc	17.04	$ 529.072 Millions	$ 31.049 Millions
German American Bancorp Inc	16.94	$ 252.492 Millions	$ 14.903 Millions
Nexpoint Residential Trust Inc	16.88	$ 277.983 Millions	$ 16.472 Millions
Invesco Db Us Dollar Index Bearish Fund	16.82	$ 5.505 Millions	$ 0.327 Millions
Essent Group Ltd	16.70	$ 1,042.519 Millions	$ 62.426 Millions
Alignment Healthcare Inc	16.67	$ 1,720.054 Millions	$ 103.154 Millions
Usio Inc	16.52	$ 82.665 Millions	$ 5.004 Millions
Chimera Investment Corporation	16.51	$ 1,150.803 Millions	$ 69.721 Millions
Udr Inc	16.43	$ 1,613.884 Millions	$ 98.232 Millions
Hennessy Advisors Inc	16.36	$ 21.498 Millions	$ 1.314 Millions

Date modified: 2026-09-08T15:11:08+00:00

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